Large-Candle Breakouts with Point-Based Entries and Fixed Exits

Summary

This two-sided breakout system watches 30-minute candle bodies for moves exceeding a configurable point threshold. During a specified trading window, a qualifying upward candle sets a prospective long entry above that candle’s high by a buffer; a qualifying downward candle sets a short entry below its low by the buffer. The strategy also defines fixed point targets and stop levels and allows only one open trade at a time. Published defaults set the move threshold, target, and stop to 100 points and the buffer to 5 points.

The document includes source logic and backtest settings for BTC/USDT futures over one month, but reports no results. The narrative describes the system as time-filtered and risk-controlled, while warning about false breakouts, slippage, parameter sensitivity, and missing position sizing. There are implementation caveats: the source requests 30-minute candles while the published test period is hourly, and its entry order supplies both stop and limit parameters. These details make the actual order behavior and test fidelity important to verify before interpreting the method’s stated rules.

Key ideas

• The setup identifies large candle bodies on 30-minute data using a point threshold.
• Long and short entries are placed beyond the qualifying candle’s high or low by a buffer.
• Targets and stop levels are fixed distances from the proposed entry price.
• A defined intraday window and a single-open-trade check constrain entries.
• The document gives no performance results and notes risks from false breaks, slippage, and absent position sizing.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.